Swedish retail giant IKEA inks deal for Jeddah mall anchor store

Arabian Centres, the Saudi-based developer, owner and operator of shopping malls, announced on Wednesday that it has entered into a tenancy agreement that will see Swedish giant IKEA open in Jeddah.

The deal has been signed with Ghassan Ahmed Al Sulaiman Furniture Trading Co Ltd and IKEA Saudi Arabia to open an anchor store in Al Salaam Mall in Jeddah, making it the first IKEA store integrated into a shopping mall in Saudi Arabia.

As part of the deal, Al Salaam Mall will house a 23,000 sq m IKEA store which is expected to open in 2017, and will be the second store in the western region.

The three-level outlet will include a showroom, restaurant and a market hall and expects to receive three million visitors annually.

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